Online users shared a rumor in July 2024 claiming New York Congresswoman Alexandria Ocasio-Cortez's net worth soared to $29 million.
  • TheSambassador@lemmy.worldEnglish
    4·
    2 months ago

    401ks have specific limits on how much you can contribute. Most big wealth comes from ownership of stock and other assets.

    • phdepressed@sh.itjust.works
      51·
      2 months ago

      Yeah, but the 401k limit is 22.5k (for 2023). You max the tax advantage before investing in non-advantaged stuff.